Tag Archives: wbai

World Cup Kicks 500.com Earnings For A Goal

The FIFA World Cup helped 500.com (WBAI) score as profits and user numbers were kicked up several notches in the company’s second quarter. The sports lottery site reported non-GAAP earnings per American Depositary Share of 37 cents, handily beating views for 17 cents a share. Total purchase amount reached $337.4 million, up 199% from a year earlier, or 98% from Q1 ’14. Net revenue soared to $25.2 million vs. analyst estimates for $18.6 million.

China IPOs 500.com, Sungy Mobile, Up In Double Digits

Two China-based tech IPOs, 500.com (WBAI) and Sungy Mobile (GOMO), both posted double-digit gains on their U.S. stock market debuts Friday. 500.com, a provider of online sports lottery services, raised $75 million by selling 5.8 million shares at $13, the high end of its upwardly revised expected range of $11 to $13. The stock was up 51%, near 20, in afternoon trading in the stock market today. For the nine months ended Sept. 30, 500.com reported